Removal from the Sainsbury's Bank and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering security on behalf of Sainsbury's Bank Delays or failure to register the Sainsbury's Bank charge may result in referral to external lawyers of Sainsbury's Bank to complete outstanding requirements.
- Your practice no longer meets the criteria to remain on the Sainsbury's Bank conveyancing panel
- Sainsbury's Bank may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Breaches of Sainsbury's Bank conveyancing panel requirements
- Failure to reapply to be on the Sainsbury's Bank convincing panel
Sainsbury's Bank panel reinstatement : questions that we get asked
- Can we appeal if this practice’s application for reinstatement is refused?
- Can we act for Sainsbury's Bank while the application for reinstatement on the Sainsbury's Bank panel is being processed? How do I know if our reinstatement application to the Sainsbury's Bank panel is approved?
- Is there a fee to revert back onto the Sainsbury's Bank conveyancing panel?
- What will happen if our Sainsbury's Bank panel reinstatement application is rejected and the client of the firm has a mortgage application with the Sainsbury's Bank?
- Am I restricted as to the amount of occasions my firm can submit applications to get back on the Sainsbury's Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Sainsbury's Bank panel reinstatement is to ensure that your firm is not removed off of the Sainsbury's Bank conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Sainsbury's Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Sainsbury's Bank directly or via their preferred panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Sainsbury's Bank conveyancing panel.